Intuitive Surgical SVP exercises options, sells shares
Intuitive Surgical senior executive Iman Jeddi exercised stock options and sold shares in a routine, pre-planned transaction.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Intuitive Surgical senior executive Iman Jeddi exercised stock options and sold shares in a routine, pre-planned transaction. On the same day, he exercised 5,625 non-qualified stock options at $76.9989 per share and sold 5,625 common shares at $420.55 per share under a Rule 10b5-1 trading plan. After these transactions, he holds 6,463 common shares directly and 26,649 common shares indirectly through a trust.
Insider Trade Summary 10b5-1
Exercise and Sale: 5,625 shares ($1.93M approx. pre-tax spread)
Exercise and Sale
4 txns
Insider
Jeddi Iman
Role
SVP & GM da Vinci Platforms &
Sold
5,625 shs ($2.37M)
Approx. gross sale proceeds
$2.37M
Approx. exercise cost
$433K
Approx. pre-tax spread
$1.93M
Share of Position Sold
46.5%
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option (right to buy) | 5,625 | $0.00 | $0.00 |
| Exercise | Common Stock | 5,625 | $76.9989 | $433K |
| Sale | Common Stock | 5,625 | $420.55 | $2.37M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Non-Qualified Stock Option (right to buy) — 0 contracts (Direct);
Common Stock — 6,463 shares (Direct);
Common Stock — 26,649 shares (Indirect, by Trust)
Holdings Before and After:
Non-Qualified Stock Option (right to buy), 5,625 to 0 contracts (Direct);
Common Stock, 6,463 to 6,463 shares (Direct)
Other Insiders: 2 other insiders reported open-market sales of this stock in the 30 days up to this filing.
Footnotes (2)
- F1. The transaction took place in accordance with a Trading Plan that complies with SEC Rule 10b5-1 and expires on June 5, 2026.
- F2. Non-statutory stock option granted pursuant to the 2010 Incentive Award Plan. Option shall vest 7/48 one month after the date of grant and 1/48 each month thereafter.
Key Figures
Shares sold: 5,625 shares
Sale price: $420.55/share
Options exercised: 5,625 options
+5 more
8 metrics
Shares sold
5,625 shares
Common Stock sold in open-market transaction
Sale price
$420.55/share
Price for 5,625 common shares sold
Options exercised
5,625 options
Non-qualified stock options converted to common stock
Exercise price
$76.9989/share
Strike price of non-qualified stock option
Direct holdings after
6,463 shares
Common Stock held directly post-transaction
Indirect holdings after
26,649 shares
Common Stock held indirectly by trust
Rule 10b5-1 plan expiry
June 5, 2026
End date of disclosed trading plan
Option expiration
August 15, 2026
Expiration date of exercised stock option grant
Key Terms
Rule 10b5-1, Non-Qualified Stock Option, 2010 Incentive Award Plan, open-market sale, +1 more
5 terms
Rule 10b5-1 regulatory
"The transaction took place in accordance with a Trading Plan that complies with SEC Rule 10b5-1"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
Non-Qualified Stock Option financial
"Non-Qualified Stock Option (right to buy) listed as a derivative security"
A non-qualified stock option (NSO) is a contract that lets an employee or service provider buy company shares at a fixed price for a set period, like a voucher to purchase stock later at today’s price. It matters to investors because exercising NSOs creates ordinary income for the holder and can increase share count, affecting a company’s earnings and ownership mix; think of it as a future sale that can dilute existing shareholders and has immediate tax consequences for the recipient.
2010 Incentive Award Plan financial
"Non-statutory stock option granted pursuant to the 2010 Incentive Award Plan"
open-market sale financial
"Sale in open market or private transaction described for the 5,625 common shares"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
trading plan regulatory
"The transaction took place in accordance with a Trading Plan that complies with SEC Rule 10b5-1"
A trading plan is a written set of rules an investor follows about what to buy or sell, when to enter and exit positions, and how much risk to accept—like a travel itinerary that maps the route, stops, and budget before a trip. It matters because it helps remove emotional decisions during market swings, enforces discipline, and makes performance easier to review and improve, reducing the chance of costly impulsive moves.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Intuitive Surgical (ISRG) executive Iman Jeddi report in this Form 4?
Iman Jeddi reported exercising 5,625 stock options and selling 5,625 Intuitive Surgical common shares. The transactions are part of his equity compensation activity and disclosed as required for insiders in a Form 4 filing.
Were the Intuitive Surgical insider transactions made under a Rule 10b5-1 plan?
Yes. A footnote states the transaction took place under a Trading Plan that complies with SEC Rule 10b5-1 and expires on June 5, 2026. Such plans pre-schedule trades to reduce concerns about trade timing.
What type of equity award did Intuitive Surgical grant that was exercised here?
The filing describes a non-statutory stock option granted under the 2010 Incentive Award Plan. The option vests over time, with 7/48 vesting one month after grant and 1/48 vesting each month thereafter until fully vested.
AI-generated analysis. How Rhea-AI works. Not financial advice.
